
Metals & Mining · NSE / BSE
Bombay Coated and Special Steels Limited, incorporated in 2019, operates as a steel processing centre that converts steel coils into value-added products through precision slitting, cut-to-length processing, shearing and embossing. The company acts as an intermediary between primary steel producers and end-users, supplying Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs) in the home appliances, commercial appliances and general engineering sectors. Since 2021, it has served as an authorised service partner of JSW Steel Coated Products Limited, supporting a reliable supply of steel coils for its processing operations. The company operates four manufacturing facilities in Wada and Bhiwandi in Maharashtra, Ghiloth in Rajasthan, and Sri City in Andhra Pradesh, with a combined installed processing capacity exceeding 1,23,000 metric tonnes per annum (MTPA) as of June 30, 2026. Its facilities are ISO 9001:2015 certified, with selected plants also holding green certifications. Bombay Coated and Special Steels serves a diversified customer base that includes Amber Enterprises India Limited, Western Refrigeration Private Limited, Haier Appliances India Private Limited and PG Technoplast Private Limited, among others. Its growth strategy includes diversifying into additional end-user industries, expanding its Ghiloth facility and strengthening its presence in domestic and international markets.
Price Band
₹78 – ₹82
Issue Size
₹183 Cr
Lot Size
182 shares
GMP
+12.2%
Est. Listing
₹92
at current GMP
Subscribed
2.85x
overall
Open
29 Oct 2026
Close
2 Nov 2026
Allotment
3 Nov 2026
Refund
4 Nov 2026
Demat Credit
5 Nov 2026
Listing
5 Nov 2026
Overall Subscription
2.85x
Total Demand
QIB Multiplier
2.82x
Institutions & Funds
NII / HNI
1.92x
High Net-Worth
Retail (RII)
3.28x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 11,162,012 | 31,455,424 | 2.82x |
| NIB | 3,348,604 | 6,435,338 | 1.92x |
| HNIs(10L +) | 2,232,402 | 2,895,984 | 1.30x |
| HNIs (2-10L) | 1,116,201 | 3,539,354 | 3.17x |
| RETAIL | 7,813,409 | 25,637,248 | 3.28x |
| Total | 25,672,628 | 69,963,348 | 2.85x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| RETAIL | 42,931 | 111,880 | 2.61x |
| HNIs(10L +) | 876 | 226 | 0.26x |
| HNIs (2-10L) | 438 | 1,278 | 2.92x |
| Total Applications | 44,245 | 113,384 | 2.56x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Bombay Coated & Special Steels Limited is bringing an initial public offering (IPO) in the Metals & Mining sector with an aggregate issue size of ₹183.05 Crores. The shares are offered at a price band of ₹78 to ₹82 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 182 shares (approx. ₹14,924 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-11-05, while un-allotted funds or UPI block mandates will be released on 2026-11-04.
The latest Grey Market Premium (GMP) for Bombay Coated & Special Steels Limited IPO is ₹10 per equity share. Based on the upper price band of ₹78 to ₹82 per equity share, the estimated listing price is ₹92 (+12.2% expected listing gain).
With a lot size of 182 shares and current GMP of ₹10, the expected profit per application lot is approx ₹1,820 (+12.2% gain). Minimum application cost is approx ₹14,924.
The Bombay Coated & Special Steels Limited IPO aggregate issue size is ₹183.05 Crores with an equity price band set at ₹78 to ₹82 per equity share. The retail lot size is 182 shares requiring a minimum capital outlay of approx. ₹14,924.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 2.85x (Retail: 3.28x, QIB: 2.82x, NII: 1.92x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2026-11-03. Investors can verify status using PAN card or application number.
Bombay Coated & Special Steels Limited shares are scheduled to list on NSE and BSE on 2026-11-05.